Mettler-Toledo International, Inc. (NYSE:MTD) Director Robert F. Spoerry sold 5,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $607.00, for a total value of $3,035,000.00. Following the sale, the director now directly owns 10,587 shares of the company’s stock, valued at approximately $6,426,309. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Mettler-Toledo International, Inc. (MTD) traded up 0.39% during trading on Thursday, hitting $607.83. The stock had a trading volume of 26,186 shares. The firm has a market cap of $15.60 billion, a P/E ratio of 37.38 and a beta of 1.11. The firm has a 50 day moving average price of $589.17 and a 200 day moving average price of $547.84. Mettler-Toledo International, Inc. has a 12-month low of $386.01 and a 12-month high of $618.13.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping the Zacks’ consensus estimate of $3.89 by $0.03. The company had revenue of $653.70 million for the quarter, compared to analyst estimates of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.22 earnings per share. On average, equities analysts expect that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current fiscal year.

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Several analysts have issued reports on the company. Morgan Stanley reissued an “equal weight” rating and set a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a report on Saturday, July 22nd. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 price target for the company in a report on Friday, July 21st. Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. BidaskClub raised Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $569.80.

Several institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC lifted its stake in shares of Mettler-Toledo International by 220.6% in the second quarter. Lord Abbett & CO. LLC now owns 70,567 shares of the medical instruments supplier’s stock worth $41,532,000 after acquiring an additional 48,554 shares during the period. Toronto Dominion Bank lifted its stake in shares of Mettler-Toledo International by 25.0% in the second quarter. Toronto Dominion Bank now owns 8,748 shares of the medical instruments supplier’s stock worth $5,147,000 after acquiring an additional 1,748 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Mettler-Toledo International in the second quarter worth approximately $18,843,000. Colony Group LLC acquired a new position in shares of Mettler-Toledo International in the second quarter worth approximately $277,000. Finally, Koch Industries Inc. lifted its stake in shares of Mettler-Toledo International by 96,281.2% in the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after acquiring an additional 696,113 shares during the period. 93.14% of the stock is currently owned by institutional investors.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Insider Buying and Selling by Quarter for Mettler-Toledo International (NYSE:MTD)

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